Glendale woman sentenced for bank fraud scheme related to 'Property Wars'

bank fraud

She was ordered to pay more than $1 million in restitution.

PHOENIX (AP) - A Glendale woman has been sentenced to 20 months in federal prison in connection with a bank fraud scheme that also involved a former star on the "Property Wars" reality TV show.

Prosecutors say 44-year-old Veronica Castro also was ordered Monday to pay more than $1 million in restitution.

Castro previously pleaded guilty to conspiracy to commit bank fraud along with co-defendant Scott Menaged.

Last December, Menaged was sentenced to 17 years in prison and ordered to pay more than $33 million in restitution to banks and more than 200 investors.

Menaged owned and operated furniture stores in the Phoenix metro area and Castro was a longtime employee.

Prosecutors say Castro created fake credit applications and receipts to submit to banks and conceal the fraud.

 

Article From:https://www.12news.com

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